Gentry Private Wealth LLC Sells 283 Shares of Walmart Inc. (NYSE:WMT)

Gentry Private Wealth LLC decreased its position in Walmart Inc. (NYSE:WMT) by 3.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 8,373 shares of the retailer’s stock after selling 283 shares during the period. Gentry Private Wealth LLC’s holdings in Walmart were worth $676,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Walmart by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock worth $2,522,369,000 after purchasing an additional 350,881 shares in the last quarter. Oxbow Advisors LLC raised its stake in shares of Walmart by 45.0% during the 3rd quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock worth $2,298,000 after purchasing an additional 8,834 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Walmart by 21.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 587,001 shares of the retailer’s stock worth $47,400,000 after purchasing an additional 105,430 shares in the last quarter. Whalerock Point Partners LLC raised its stake in shares of Walmart by 213.5% during the 1st quarter. Whalerock Point Partners LLC now owns 29,613 shares of the retailer’s stock worth $1,782,000 after purchasing an additional 20,167 shares in the last quarter. Finally, WFA Asset Management Corp raised its stake in shares of Walmart by 201.0% during the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after purchasing an additional 1,397 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of WMT stock opened at $90.44 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $90.91. The company has a market cap of $726.98 billion, a P/E ratio of 37.12, a P/E/G ratio of 4.30 and a beta of 0.51. The business has a fifty day simple moving average of $82.12 and a 200 day simple moving average of $73.84.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the prior year, the company earned $0.51 EPS. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts forecast that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WMT. Citigroup upped their price objective on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. BMO Capital Markets boosted their target price on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Roth Mkm boosted their target price on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday. Oppenheimer boosted their target price on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, KeyCorp boosted their target price on Walmart from $88.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.88.

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the transaction, the executive vice president now directly owns 459,558 shares in the company, valued at approximately $37,113,904.08. This trade represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total value of $232,440.00. Following the completion of the transaction, the executive vice president now owns 384,165 shares of the company’s stock, valued at $29,765,104.20. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock worth $958,823,647 in the last ninety days. 45.58% of the stock is owned by insiders.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.